vedståelsesfrist

English translation: deadline for bid acceptance

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Explanation:A "bid acceptance period" runs from when the contractor's proposal is received to the deadline for the entity seeking proposals to accept the proposal. See the example sentence from the reference. (You might rephrase it as "expiration of bid acceptance period" as well.)

The whole example sentence should read, "SICA asked that Owners shorten the bid acceptance period to 30 days on all projects that are being tendered, as Contractors are not able to hold prices for extended lengths of time due to pricing fluctuations."

Explanation:deadline for abidance, the time in which one promises fulfill a contract while awaiting official decisions from government agencies, contracting client funding, planning and building department approvals, etc.

Explanation:A "bid acceptance period" runs from when the contractor's proposal is received to the deadline for the entity seeking proposals to accept the proposal. See the example sentence from the reference. (You might rephrase it as "expiration of bid acceptance period" as well.)

The whole example sentence should read, "SICA asked that Owners shorten the bid acceptance period to 30 days on all projects that are being tendered, as Contractors are not able to hold prices for extended lengths of time due to pricing fluctuations."